Accounts Payable Outsourcing Overview

Our Knowledge Process Outsource-trained accountants review each A/P invoice to make sure each is processed intelligently, accurately, and on schedule. We pay attention to the content of each invoice, just as you do in-house. That means we know your account, just one advantage of a low employee turnover shop like iCatchIT. This knowledge allows us to avoid most errors and know what we don't know. As A/P offshore service providers, we aim to integrate seamlessly with your accounting operations but more than that we are in the business of making your business run smoother because we specialize in intelligent process evolution.

KPO means knowing when to ask if something doesn't "look right." Good management encourages digging to define the problem and find answers; and, that means people who are managed well, perform well.

  • Reduce the A/P Process costs by approximately 35%.
  • We spend more time on client interaction and high-level problem solving-making your time available for core processes.
  • Using A/P automation, best practice A/P processes, and knowledge-based decision making, we customize our A/P processes to meet your needs, not ours.
  • And the bottom line: you get increased control over your A/P Business Processes.

Comparison between In-House and Outsourced A/P Management

Traditional Accounts Payable KPO Accounts Payable
Process Manual A/P data entry is costly, prone to errors, time consuming, and labor-intensive. Automated (electronic) A/P data entry saves time, money, and aggravation.;
Coordination Payment Approval can be impaired by poor interdepartmental communication and lag time of information availability. Outsourced A/P provides improved interdepartmental coordination between managers due to instant information availability. That's right, INSTANT*.
Routing Serial Paper Invoice Routing among managers reduces efficiency and adds a layer of paper that is lost time. Parallel Online Invoice Routing means the A/P database is available to any manager at any time*.
Monitoring Monitoring A/P Processes can be a headache. Does your In-House A/P System have some inefficiencies because not everyone is on the same page (Invoice)? Complete enterprise-wide visibility through A/P offshore database is available online to managers at any time. This makes monitoring outstanding liabilities, invoice status, problem invoices and A/P process performance streamlined. Headache relief.
Payments The check is in the mail (you hope). The check is in the mail (you know). Up-to-date* accounts payable balance keeps managers abreast of the company's liabilities status.
Filing Paper filing is complicated, costly, space-consuming and unreliable. Filing is paperless and reliable. Imaged copies of latest documents are available for viewing anytime*.
Costs Employee costs and workstation overhead subtract directly from your bottom line. Employee Costs = 0
Fixed Assets = 0
Total Savings = 35-60%

*Real Time Invoice Availability